grantor trust
31United States trust law — Introduction Most law regulating the creation and administration of trusts in the United States is now statutory at the state level. In August 2004, the National Conference of Commissioners on Uniform State Laws created the first attempt to… …
32Qualified personal residence trust — The following article on personal residence trusts and qualified personal residence trusts is taken from attorney Jacob Stein s treatise on tax planning, with his permission. Residence trusts are used to transfer a grantor’s residence out of the… …
33Massachusetts business trust — Companies law Company  …
34Clifford trust — noun a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more • Syn: ↑grantor trust • Hypernyms: ↑trust * * * Law. a type of living trust set up for at least a 10 year… …
35Unit Investment Trust — A Unit Investment Trust (UIT) is a US investment company offering a fixed (unmanaged) portfolio of securities having a definite life. UITs are assembled by a sponsor and sold through brokers to investors.A UIT portfolio may contain one of several …
36Unit Investment Trust - UIT — An investment company that offers a fixed, unmanaged portfolio, generally of stocks and bonds, as redeemable units to investors for a specific period of time. It is designed to provide capital appreciation and/or dividend income. Unit investment… …
37Living trust — A living trust (inter vivos trust) is a trust created during a person s lifetime. Living Trusts in the United StatesIn the United States, a living trust refers to a trust that may be revocable by the trust creator or settlor (known by the IRS as… …
38Generation-Skipping Trust — A type of legally binding trust agreement in which the contributed assets are passed down to the grantor s grandchildren, not the grantor s children. The generation to which the grantor s children belong skips the opportunity to receive the… …
39Irrevocable Trust — A trust that can t be modified or terminated without the permission of the beneficiary. The grantor, having transferred assets into the trust, effectively removes all of his or her rights of ownership to the assets and the trust. This is the… …
40Incentive Trust — A legally binding fiduciary relationship in which the trustee holds and manages the assets contributed to the trust by the grantor. In an incentive trust arrangement, the trustee must adhere to specific requirements set out by the grantor… …
